Demonetisation may happen again in the country, RBI took a big decision
New Delhi. The Reserve Bank of India has taken a big decision on the biggest currency note of 2000 rupees. According to the Reserve Bank, the Rs 2000 note will remain legal tender, but it will be taken out of circulation. The Reserve Bank of India has advised the country’s banks to stop issuing 2000 rupee notes with immediate effect. The Reserve Bank has taken this decision under the ‘Clean Note Policy’. By September 30, 2023, Rs 2000 notes can be deposited in the bank. After the demonetization of the Reserve Bank in the year 2016, the Reserve Bank had issued a note of 2000 rupees. For the last few months, 2000 rupee notes were less visible in the market. People said that even 2000 rupee notes are not coming out from ATMs.
In this regard, the government had also given information in the Parliament. The Reserve Bank had given a lot of information about the 2000 rupee note in its annual report. According to the annual report of the Reserve Bank of India, not a single note of Rs 2000 has been printed in FY 2019-20, FY 2020-21 and FY 2021-22. Because of this, the circulation of Rs 2000 notes has reduced in the market. After the announcement of Prime Minister Narendra Modi on 8 November 2016, all the notes of 500 and 1000 rupees were out of circulation. In place of these currencies, new notes of 500 and 2000 rupees were issued by the Reserve Bank. The Reserve Bank believed that the Rs 2000 note would easily compensate for the value of those notes which were put out of circulation.
